Tag Archives: AA News

The decentralized platform aimed at lowering risks, costs, and access to DeFi dubbed Union has raised nearly $4 million from several well-known industry giants. The project plans to utilize the funds to develop and launch a set of tools that will further reduce the DeFi risk levels. UNION Raises $3.9M In a press release shared with CryptoPotato, the DeFi platform announced it had raised the funds from popular names such as Alameda Research, Spark Digital Capital, Solidity...

A popular Bitcoin analyst and trader pointed out that Bitcoin has historically headed towards massive price surges once it closed higher than the previous monthly high. As a result, BTC could face up to a 1,000% price pump soon if it closes November at or above its current price. BTC To Pump By 1,000% Soon? Bitcoin has been surging in value in the past month. The impressive performance led to several consecutive yearly records and reaching $16,000 last Friday – the highest...

A former Microsoft software engineer found guilty earlier this year has been sentenced to nine years in prison for stealing more than $10 million in Bitcoin. The 26-year old Ukrainian used accounts and passwords of other employees and the services of various Bitcoin mixers. Nine Years In Prison For Stealing $10M In BTC As reported by CryptoPotato year, the US District Court in Seattle found guilty Volodymyr Kvashuk on 18 charges. He operated as a software engineer in the US...

Bitcoin went on a wild ride yesterday when news of a COVID-19 vaccine broke out, but has calmed since then and currently trades at around $15,300. The leading alternative coins have also cooled down as Ethereum sits around $450 and Ripple at $0.25. Bitcoin Calms After Increased Volatility The primary cryptocurrency demonstrated high fluctuations in the past week. It topped at a new yearly high of about $16,000 on Friday but then nosedived a few days later to below $14,300....

It’s another bigshot score on the store of value front for Bitcoin. Billionaire hedge fund investor Stanley Druckenmiller just admitted holding BTC on national television in an interview with CNBC. The bigshot money manager also has positions in gold, but he is considerably bullish on the world’s first cryptocurrency. “If the gold bet works, the Bitcoin bet will work better.” In the latest interview with CNBC’s Kelly Evans, a billionaire hedge fund manager, said that he owns...

A Dutch drug dealer of Columbian descent is reportedly arrested in Spain. In an international operation, the trafficker was caught in his villa in Marbella, Malaga, while police found multiple luxurious items, cars, and cash. He was allegedly suspected of laundering about 6 million euros in cryptocurrency. Partnering With Top Interpol Fugitive As per an official announcement of the Spanish police, the Dutch national was well known to the law enforcement for quite a time. His...

Volatility is undoubtedly back within the crypto markets. Over the past few hours, Bitcoin gained about $600 and lost them almost immediately. This happens as one of the world’s largest drugmakers, Pfizer, said that its COVID19 vaccine has been positive in over 90% of the trial cases. Bitcoin Pumps and Dumps $600 In Hours The past few weeks have been nothing but exciting for Bitcoin as the cryptocurrency managed to briefly touch $16,000 for the first time in years. Today, it...

Data from the on-chain analytics resource Glassnode indicates that Bitcoin miners have sent sizeable BTC portions to exchanges in the past 24 hours. With the asset price hovering above $15,500, the question remains if they are to cash out profits and possibly drive Bitcoin south. Miners Send BTC To Exchanges Implies A Price Dip? Bitcoin miners are arguably the most vital part of the entire BTC ecosystem. By solving complex computational problems, they process Bitcoin...

A JPMorgan report suggested that some investors, such as family offices, have been allocating more funds into Bitcoin rather than gold in recent months. The analysts from the giant multinational investment bank also noted that the comparison between the two assets could propel a massive price increase for BTC. Bitcoin’s Impressive Developments As Of Late In its latest paper exploring Bitcoin’s price and fundamentals, the JPMorgan analysts listed several reasons why the...

Shortly after suspending withdrawals and deposits to its platform, the crypto lending service Cred has filed for Chapter 11 bankruptcy protection.  CryptoPotato reported in late October that the US-based platform had temporarily suspended all funds inflows and outflows while assisting law enforcement agencies in investigating an “incident.”  According to an official announcement from this past weekend, Cred INC. has “commenced a voluntary Chapter 11 case in the United States...